Based on the attached income statement, please compute for BREAK EVEN in currency PHP

Note: The product is an adultcare service. monthly service fee is php 16,250

Statements Projected Profit & Loss FY2019 FY2020 FY2021 Revenue PHP4,210,000 PHP5,125,000 PHP6,950,000 Direct Costs PHP1,788,000 PHP2,106,000 PHP2,713,050 Gross Margin PHP2,422,000 PHP3,019,000 PHP4,236,950 58% 59% 61% PHP1,560,000 PHP1,746,000 PHP1,956,600 Employee Related Expenses PHP312,000 PHP349,200 PHP391,320 Building Rent PHP360,000 PHP360,000 PHP360,000 Registrations / Government Formalities PHP100,000 Marketing Expenses PHP420,000 PHP300,000 PHP300,000 Gross Margin % Operating Expenses Salary Total Operating Expenses PHP2,752,000 PHP2,755,200 PHP3,007,920 Operating Income (PHP330,000) PHP263,800 PHP1,229,030 Interest Incurred Depreciation and Amortization Income Taxes PHP217,143 PHP217,143 PHP217,143 PHP0 PHP0 PHP102,280 Total Expenses PHP4,757,143 PHP5,078,343 PHP6,040,393 Net Profit (PHP547,143) PHP46,657 PHP909,607 (13%) 1% 13% Net Profit / Sales Balance Sheet Cash Accounts Receivable FY2019 FY2020 FY2021 (PHP1,424,800) (PHP1,051,200) PHP396,830 PHP0 PHP0 PHP0 (PHP1,424,80 (PHP1,051,20 0) 0) PHP396,830 Inventory Other Current Assets Total Current Assets Long-Term Assets PHP1,600,000 PHP1,600,000 PHP1,600,000 Accumulated Depreciation (PHP217,143) (PHP434,286) (PHP651,429) PHP1,382,857 PHP1,165,714 PHP948,571 Total Long-Term Assets Total Assets (PHP41,943) Accounts Payable PHP0 PHP0 PHP0 Income Taxes Payable PHP0 PHP0 PHP102,280 PHP505,200 PHP615,000 PHP834,000 Sales Taxes Payable Short-Term Debt PHP114,514 PHP1,345,401 Prepaid Revenue Total Current Liabilities PHP0 PHP0 PHP0 PHP505,200 PHP615,000 PHP936,280 PHP505,200 PHP615,000 PHP936,280 (PHP547,143) (PHP500,486) PHP46,657 PHP909,607 (PHP547,143) (PHP500,486) PHP409,121 Long-Term Debt Total Liabilities Paid-in Capital Retained Earnings Earnings Total Owner's Equity Total Liabilities & Equity (PHP547,143) (PHP41,943) PHP114,514 PHP1,345,401 Cash Flow Statement FY2019 FY2020 FY2021 (PHP547,143) PHP46,657 PHP909,607 PHP217,143 PHP217,143 PHP217,143 PHP0 PHP0 PHP0 Change in Accounts Payable PHP0 PHP0 PHP0 Change in Income Tax Payable PHP0 PHP0 PHP102,280 PHP505,200 PHP109,800 PHP219,000 PHP0 PHP0 PHP0 Net Cash Flow from Operations Net Profit Depreciation and Amortization Change in Accounts Receivable Change in Inventory Change in Sales Tax Payable Change in Prepaid Revenue Net Cash Flow from Operations PHP175,200 Investing & Financing Assets Purchased or Sold Investments Received (PHP1,600,000) PHP373,600 PHP1,448,030 Change in Long-Term Debt Change in Short-Term Debt Dividends & Distributions Net Cash Flow from Investing & Financing Cash at Beginning of Period Net Change in Cash Cash at End of Period (PHP1,600,00 0) PHP0 (PHP1,424,800) (PHP1,051,200) (PHP1,424,800) PHP373,600 PHP1,448,030 (PHP1,424,80 (PHP1,051,20 0) 0) PHP396,830